Friday, Aug 21, 2009
Return of VERY cheap mortgages?
Thisismoney: Libor rate latest- rapid descent
The important three-month sterling Libor rate continued its more rapid descent, falling from 0.73% to 0.721%
Posted by smiling @ 03:53 PM (391 views) Add Comment
2 Comments
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1. clockslinger said...
Seems pretty significant to me, if it is sustained at this low level, given the panic really got started when LIBOR rates rose and stayed high. If the junta have succeeded in getting back to 2007 then sit down and weep. It won't save Brown but that was never the bigger issue. It will save their stinking system, which is the only reason for the existence of any mainstream political party, to keep it all in the hands of the rich after that inconvenient fifty odd year flirtation with a bit of social democracy. It's the conclusion of the Thatcher / Regan project.
2. quiet guy said...
"Return of VERY cheap mortgages?"
Perhaps not:
http://www.telegraph.co.uk/finance/personalfinance/6056741/Home-owners-see-mortgage-rates-drop-by-just-a-third-of-drop-in-Bank-Rate.html